Middle East Free Trade Area: Progress Report
LIBRARY OF CONGRESS WASHINGTON DC CONGRESSIONAL RESEARCH SERVICE
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On May 9, 2003, the Bush Administration proposed the establishment of a U.S. Middle East Free Trade Area MEFTA within a decade by about 2013. This proposal came a year and a half after the September 11, 2001 terrorist attacks on the U.S. World Trade Center and the Pentagon. The MEFTA was billed as part of a plan to fight terrorism in this case, by supporting the growth of Middle East prosperity and democracy through trade. On June 23, 2003 the Bush Administration described a six-step process for Middle East entities to become part of that MEFTA 1 joining the World Trade Organization 2 possibly participating in the Generalized System of Preferences successively entering into 3 trade investment framework agreements TIFAs, 4 bilateral investment treaties BITs, and 5 free trade agreements FTA with the United States and 6 participating in trade capacity building.
- Economics and Cost Analysis
- Government and Political Science